Senate File 146 - Introduced





                                       SENATE FILE       
                                       BY  HAMERLINCK


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act exempting from the computation of the individual income
  2    tax all pay received for service in the national guard and
  3    including a retroactive applicability provision.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1754XS 83
  6 tw/mg:sc/14

PAG LIN



  1  1    Section 1.  Section 422.7, Code 2009, is amended by adding
  1  2 the following new subsection:
  1  3    NEW SUBSECTION.  41.  Subtract, to the extent included, all
  1  4 pay received by the taxpayer for military service performed in
  1  5 the national guard.
  1  6    Sec. 2.  RETROACTIVE APPLICABILITY.  This Act applies
  1  7 retroactively to January 1, 2009, for tax years beginning on
  1  8 or after that date.
  1  9                           EXPLANATION
  1 10    This bill provides an exemption from the individual income
  1 11 tax for all pay received by a taxpayer for serving in the
  1 12 national guard.
  1 13    The bill applies retroactively to January 1, 2009, for tax
  1 14 years beginning on or after that date.
  1 15 LSB 1754XS 83
  1 16 tw/mg:sc/14